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(单词翻译)
Stocks in Asia extended their rally Friday, with investors1 encouraged by positive economic and company news. Some stock markets have risen more than 70 percent since the start of the year.
Display showing Hang Seng Index in Hong Kong, 20 Jul 2009
Hong Kong's Hang Seng index Friday broke through the 20,000 level for the first time since September last year, when the collapse2 of U.S. investment bank Lehman Brothers sent investors retreating. The index has jumped about 75 percent since March.
Ben Kwong, chief operating officer of the financial group KGI, expects a continued rally in the short term. He says the weak dollar and lower interest rates make stock investments favorable.
"And we have also seen continuing inflow of funds," noted3 Kwong. "So on the back of strong liquidity4, the market still has the upward momentum5 to surge even higher …. The point is, the market is still not been able to find a good excuse for a significant correction."
In Shanghai, shares of Chinese energy companies such as China Shenhua Energy and PetroChina were in high demand Friday, and the composite index reached a 13-month high. It has gained 85 percent this year.
The Nikkei 225 index in Japan soared for the eighth straight trading day to close at 9,944. An encouraging outlook for electronics maker6 Panasonic lifted market sentiment.
A slew7 of economic and company earnings8 news in South Korea boosted the KOSPI half a percent Friday. The economy grew in the second quarter at its fastest pace more than five years. And the country's biggest company, Samsung Electronics, reported better-than-expected earnings. The index closed at 1,502, up nine percent this week.
The regional MSCI Asia Pacific index that tracks large Asian companies outside Japan has soared 70 percent since March.
1 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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2 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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3 noted | |
adj.著名的,知名的 | |
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4 liquidity | |
n.流动性,偿债能力,流动资产 | |
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5 momentum | |
n.动力,冲力,势头;动量 | |
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6 maker | |
n.制造者,制造商 | |
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7 slew | |
v.(使)旋转;n.大量,许多 | |
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8 earnings | |
n.工资收人;利润,利益,所得 | |
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